The median home in Lenawee County was listed for $277,950 in January, down 5.8% from $294,900 the previous month, according to an analysis of data from Realtor.com shows.
Compared to January 2023, the median listed home price increased 3%, from $248,950.
The statistics presented in this article are only for homes listed for sale in Lenawee County, not homes sold. Information about your local real estate market, as well as other useful community data, is available at data.lenconnect.com.
The median home in Lenawee County was 1,690 square feet, or $149 per square foot. The price per square foot of homes for sale is up 4.9% compared to January 2023.
Listings in Lenawee County have been moving quickly, with a median time on market of 72 days compared to the January national median of 69 days on market. The month before, homes had a median time on the market of 66 days. Approximately 76 homes were newly listed on the market in January, down 5% from the 80 new listings in January 2023.
Median home prices published by Realtor.com can exclude many or most homes in a market. Price and volume represent single family homes, condominiums or townhomes only. They include existing homes, but exclude most new construction as well as pending and conditional sales.
In Michigan, the median home price was $257,000, down slightly from December. The median Michigan home listed for sale was 1,554 square feet, with a price of $164 per square foot.
In the United States, the median home price was $409,500, down slightly from the previous month. The median U.S. home for sale was listed at 1,823 square feet, with a price of $221 per square foot.
The median list price of homes used in this report represents the midpoint of all homes or units listed over the given time period. Experts say the median provides a more accurate view of what’s happening in a market than the average list price, which would mean taking the sum of all listed prices then dividing it by the number of homes sold. The average can be distorted by…